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Old 20-07-2015, 05:07 PM
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green High-frequency action in high-frequency trading

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The share of algo orders in total orders and the share of cancelled algo orders in the total number of cancelled orders is around 90 per cent, it noted. RBI also observed that volumes in algo and HFT had increased substantially in the cash segment of the equity market to about 40 per cent of total trades in both the exchanges by March 2015, from 17 per cent (NSE) and 11 per cent (BSE) of trades, respectively, in 2011.

“There have been certain instances of abnormal market movements in India stocks, which have been attributed, by market experts to algo trading/HFT,” the report said.

The RBI report itself was preceded by a supposed whistleblower account put out in the public domain by senior financial journalist Sucheta Dalal. On June 19, she posted a so-called whistleblower account addressed to her on her website, MoneyLife.in. The eight-page letter has details of alleged manipulation and names two exchanges, a securities firm and several staff members, and is marked “confidential copy for Sucheta Dalal”.

According to a Business Standard report on Monday, steps under consideration include “means to slow down the pace of trading through introduction of measures, including a minimum resting time for orders before execution, and randomising the time priority of orders an exchange receives.”

http://www.business-standard.com/art...2900715_1.html
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Old 20-07-2015, 09:25 PM
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The report is about 2011 trades . What is happening in 2014 & 15 nobody knows .
What happened to the Sebi measures for preventing quote stuffing
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